Kingfisher raises outlook as sales continue to soar

B&Q

Kingfisher has raised its profit predictions for 2021/2022 as its sales increased in almost all markets.

The home and DIY giant reported total sales were up 61.9% in constant currency to £3.4bn, while like-for-like sales grew 64.2% in the first quarter to April 30.

Kingfisher said this reflected strong demand across all categories, although against weak comparables due to enforced store closures in the same quarter last year.

On a two-year basis, recorded like-for-like sales were up 22.5%.

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